TradFi | Crypto

Binance will shift to an orderbook-weighted pricing model for commodity perpetual futures during off-hours, potentially changing margin and liquidation behavior. Binance will change how it calculates benchmark prices for commodity-based perpetual futures during off-hours, a move that could affect margin and liquidation levels during weekends, holidays and maintenance periods, according to an exchange notice published Tuesday. The update will take effect on Friday at 9:00 pm UTC. The exchange will replace its current fixed pricing method with an Orderbook EWMA model for commodity-based traditional finance (TradFi) perpetual contracts. EWMA, or exponential weighted moving average, uses orderbook data that is smoothed over time rather than relying on a fixed reference price during periods of lower activity. Binance said the change will apply during daily maintenance windows as well as weekends and holidays, when trading activity is typically reduced. Read more

With $114 trillion in custodied liquid assets, Depository Trust & Clearing Corporation looks to position tokenization as future of existing financial system. The Depository Trust & Clearing Corporation (DTCC) plans to pilot trading of tokenized securities in July with a goal of a full service launch in October. The post-trade market infrastructure giant said Monday that more than 50 TradFi and DeFi firms will play a role in the design and deployment of the service. That DTCC Industry Working Group includes Alpaca, Anchorage Digital, BitGo Bank & Trust, BlackRock, Circle and Fireblocks, along with some of the biggest banks in the country. Source: DTCC Read more

I believe the hardest question for DeFi in 2026 is whether the original dream is still alive. The collective bargain was simple. Users would hold their own keys. Code would execute the rules. Markets would stay open. Ledgers would be visible. Intermediaries would lose power because financial services could run on public smart contracts rather […] The post Yearly DeFi hacks cost 8,500% more than TradFi breaches per dollar moved appeared first on CryptoSlate.

The S&P 500 closed at 7,126 on April 17, another record, while the University of Michigan’s preliminary April consumer sentiment reading fell to 47.6, the weakest print in the survey’s history. The split on the screen looks surreal. Charlie Bilello shared the chart below, highlighting the gap. Wall Street is trading at altitude. Households are […] The post What Happens to Bitcoin if the TradFi rally breaks? Wall Street keeps printing record highs but consumer confidence just hit rock bottom appeared first on CryptoSlate.

Crypto exchanges are seeking market share of TradFi trading venues, but tokenized commodities adoption is limited by pricing and liquidity concerns. Update April 9, 2026, 1:00 p.m. UTC: This article has been updated to include a comment from Mamadou Kwidjim Toure, CEO and founder of tokenization platform Ubuntu Tribe. Cryptocurrency exchanges are taking market share from traditional finance (TradFi) trading venues through tokenized commodities products, but finding that mainstream adoption of tokenized precious metals is limited by pricing and liquidity issues. Silver perpetuals have peaked at about 40% of the equivalent volume of the Comex Silver (SI) Contract, the world’s largest silver futures market that accounts for over 70% of global exchange-traded silver futures volume, according to a Thursday report from Binance Research. Read more

Bitcoin mass adoption by institutional investors has resumed, but global instability and the risk of rising US inflation put a lid on BTC’s breakouts above $70,000. Bitcoin’s (BTC) consolidation continued into Thursday as bulls struggled to keep hold of $70,000, and competing narratives on BTC’s market structure versus its increasing institutional adoption clashed with the bearish overarching factors negatively impacting US equity markets.  Citing Bernstein’s $150,000 by the end of 2026 price estimate, Bloomberg analysts said that data shows institutional investors returning to the Bitcoin markets in droves, reinforcing the view that BTC had “reached a floor.”    In early March, a week-long stretch of inflows to the spot Bitcoin ETFs nearly topped $1 billion, while Strategy purchased 22,237 BTC for $1.6 billion through its new perpetual preferred equity, Stretch (STRC). In addition to the success of STRC, Strategy also unveiled plans to raise capital to buy $44.1 billion in additional Bitcoin.  Read more

Author and personal finance educator Robert Kiyosaki says Bitcoin is going to $750,000, but there's a catch. Key takeaways: Robert Kiyosaki’s $750,000 Bitcoin target implies a 95% discount versus gold, which is lower than the 2024 peak. $750,000 Bitcoin might not be that significant if daily expenses, housing and energy rise in like kind. Read more

Ethereum’s dominant total value locked and widespread adoption by traditional finance institutions confirm its role as the base of global onchain finance. Will Ether price follow? Key takeaways: Institutional adoption of the Ethereum network accelerates despite Ether disappointing price action. Ethereum and its layer-2s hold 65% of TVL market share. Vitalik Buterin is shifting focus toward base layer scalability and ZK-EVM to ensure long-term onchain efficiency and security. Read more

Bitwise's February announcement arrived as two moves packaged as one. The crypto asset manager announced a partnership with Morpho to launch curated yield vaults and simultaneously acquired Chorus One's institutional staking business. It looks like a deliberate assembly: curation mechanisms to filter protocol risk, infrastructure to deliver returns, and enough operational scaffolding to make the […] The post TradFi is selling crypto income on Wall Street but a hidden switch decides who gets in appeared first on CryptoSlate.

The $940 billion asset manager will collaborate on DeFi lending infrastructure and could acquire up to 90 million MORPHO tokens.  Traditional finance giant Apollo Global Management Inc. has signed a partnership agreement with decentralized lending platform Morpho to take a significant stake in the project and help support its blockchain lending infrastructure.  The move was announced on Friday by the Morpho Association, the nonprofit organization behind the decentralized finance (DeFi) platform.  The partnership, or “cooperation agreement,” will see Apollo or its affiliates buy up to 90 million Morpho (MORPHO) governance tokens over the next four years, representing 9% of the total 1 billion-token supply of MORPHO.  Read more

Bitcoin open interest falls to $34 billion as investor demand dries up and traders’ concerns shift to worrying US macroeconomic data. Is TradFi exiting BTC? Key takeaways: BTC open interest falls to $34 billion, but stable BTC-denominated volume suggests leverage demand remains unchanged. Weak US jobs data and Bitcoin options skew indicate a bearish shift, even as gold and stocks show relative strength. Read more

Fiserv launches a 24/7/365 settlement platform for digital asset companies, aiming to reduce banking friction and improve liquidity in the US dollar. Fiserv, a major US payments and financial technology provider, has launched a new cash settlement platform for digital asset companies, a move that could strengthen fiat infrastructure for crypto players and improve access to liquidity. On Thursday, Fiserv announced the debut of INDX, a real-time cash settlement system that operates 24 hours a day, 365 days a year. The platform allows digital asset companies to move US dollars instantly using a single custodial account, potentially improving how exchanges, trading desks and other crypto businesses manage fiat balances. INDX will be made available to more than 1,100 insured financial institutions participating in the Fiserv Deposit Network. The account structure provides up to $25 million in Federal Deposit Insurance Corporation (FDIC) coverage, according to the company. Read more

The crypto market’s volatility is just “part of the game,” says Federal Reserve governor Chris Waller, who adds that traditional finance may have added to the recent market drop. Federal Reserve governor Chris Waller says the crypto hype that accompanied US President Donald Trump’s election victory has begun to wane as the market has become more entwined with traditional finance. “I think some of the euphoria that came into the crypto world with the current administration, some of that's kind of fading,” Waller said at a conference on Monday. “A lot of it has been brought into the mainstream finance,” Waller said. “Then, you know, things have to happen there, so I think there was a lot of sell-off just because firms that got into it from mainstream finance had to adjust their risk positions.” Read more

Bitcoin’s price, and thus the entire crypto market, is increasingly being anchored by flows through regulated wrappers. Crypto is increasingly being subsumed by TradFi rather than offering an alternative to the broken system Satoshi criticized. U.S. spot ETF subscriptions and redemptions are now posting day-to-day swings that increasingly dominate the daily narrative tape. In practice, […] The post How crypto is being devoured by TradFi, killing Satoshi’s dream by rewarding centralization appeared first on CryptoSlate.

XRP trades back above $2, and soaring institutional investor flows suggest the altcoin’s rally is just getting started. XRP (XRP) is holding above $2, but the move has yet to confirm a bullish shift, with a stronger technical validation expected at higher levels, according to an analyst. Key takeaways: XRP reclaimed its 50-day moving average in early January, signaling early signs of a trend reversal. Read more

Perp DEXs handle only a fraction of the trading activity seen in TradFi investments, but their infrastructure is catching up to the slow and fragmented centralized trading venues. Perpetual decentralized exchanges (DEXs) are gaining traction as traders turn to blockchain-based platforms that promise lower costs and fewer intermediaries than traditional centralized venues. Perp DEXs are blockchain-based venues for trading perpetual futures contracts, allowing traders to bet on the underlying asset's price with leverage and without an expiry date. Crypto research firm Delphi Digital said in its outlook for 2026 that perp DEXs are poised to continue taking market share from traditional finance products. It argued that decentralized infrastructure is structurally more efficient than legacy systems, which it described as fragmented and expensive to operate. Read more

The new feature gives select users access to traditional market derivatives, with positions margined and settled in USD during a limited testing phase. Bitget has launched a private beta for a new TradFi trading feature that gives crypto users access to forex, commodities and stock derivatives contracts using stablecoins as collateral. The feature will allow Bitget users to trade major fiat currency pairs, gold and other derivatives alongside crypto spot and derivatives products on the same platform. Trades will be margined and settled with Tether’s USDt (USDT), allowing users to access traditional trading markets without the need to open a separate brokerage account or convert currencies. According to Monday’s announcement, use of the feature is limited to selected users and is being rolled out in a testing phase, with access restricted as Bitget evaluates performance and risk controls across the new markets. Read more

Crypto investor demand for memecoins remains at lows not seen since 2024, despite a growing speculative appetite that has boosted TradFi leveraged ETFs to a record $239 billion. Traditional finance leveraged investment products are at a record high, but the appetite for speculative assets remains muted in the cryptocurrency market. Speculative appetite is cooling among crypto investors, with memecoin dominance versus altcoins hitting a near two-year low last seen in February  2024, according to crypto data platform CryptoQuant. “Memecoin markets are dead,” wrote CryptoQuant co-founder and CEO Ki Young Ji in a Thursday X post. Read more

Improving retail crypto and TradFi investor sentiment align with the recent uptick in Bitcoin price, but sell orders and short positions in the $93,000 range threaten to cap the rally. Over the past two weeks, Bitcoin price repeatedly revisited the $90,000 range as retail investor sentiment improved, fund managers restated their bullish expectations for a potential end-of-year rally, and Strategy announced a sizable BTC purchase.  According to VanEck head of digital asset research, Matthew Sigel, Bernstein wrote that “the Bitcoin cycle has broken the 4-year pattern (cycle peaking every 4 years) and is now in an elongated bull-cycle with more sticky institutional buying offsetting any retail panic selling.”  Bernstein’s comments follow BlackRock chair and CEO Larry Fink mentioning that sovereign wealth funds are “incrementally” buying Bitcoin as it “has fallen from its $126,000 peak.”  Read more

Standard Chartered will provide digital asset custody for 21Shares, signaling deeper TradFi expansion into crypto and raising questions about Zodia Custody’s future role. Major bank Standard Chartered announced fund manager 21Shares has selected it as its digital asset custodian, potentially moving away from a crypto-native partner. According to a Monday announcement from Standard Chartered shared with Cointelegraph, the bank will provide crypto custody services to 21Shares, which offers multiple exchange-traded crypto products. Margaret Harwood-Jones, the bank’s global head of financing and securities services, said the collaboration allows them to “to extend our expertise into the fast-evolving digital asset ecosystem.” However, 21Shares already had a crypto-native custody partner. In late June 2024, the fund manager partnered with crypto-native custodian Zodia Custody to hold its assets. Zodia Custody was co-founded by Standard Chartered in 2020 and operated as a wholly owned subsidiary, indicating that th...